European stocks rally as rate cut prospect offsets trade war tensions

LONDON: European stock markets extended their strong run higher on Tuesday , with the prospect of a US interest rate cut helping to offset trade war tensions according to traders.

"Once again, it's central banks that are left to fill the economic void, easing investor fears over trade wars and a global slowdown." US producer price data released on Tuesday corroborated the view that price pressures in the world's biggest economy remain contained.Brexit uncertainty has meanwhile reduced expectations of a rate hike from the Bank of England any time soon, while the European Central Bank has vowed support to stimulate a struggling eurozone economy.

Trump said a meeting with Chinese President Xi Jinping had been"scheduled" during the G20 summit in Japan later this month.Channel NewsAsia - Sentifi topic widget

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber's European rival Bolt enters London market, againEstonia's Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

European stocks buoyed by US trade, rate hopesLONDON: European stock markets rose on Monday (Jun 10), building on strong pre-weekend gains, after US President Donald Trump dropped threatened ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

London retains strong lead in tech investment - Mayor's agencyLONDON: London-based technology companies attracted a record 2.56 billion pounds (US$3.26 billion) in venture capital in the first six months of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »